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it came from bill clinton's chief of staff. we canys let's see if get competition into the medicare world so people can get the choice of different plans at lower cost, better policy is a quality. i believe in competition. >> every study has shown matters here -- medicare has the word administrative cost. this is why seniors are generally happy with it. private insurers have to make a profit. that is what they do. you have higher administrative costs plus profit on top of that. if you were going to save any money to what governor romney is proposing, what has to happen is that the money has to come from somewhere. when you move to a voucher system, you are putting seniors at the mercy of those insurance companies. over time, it traditional medicare has decayed, they are stuck. this is why aarp has said your plan would begin medicare substantially. that is why they were supportive of the approach we took. we do have to lower the cost of health care. >> we will talk about that in a minute. >> overall. quote that is a big topic. -
it came from bill clinton's chief of staff. we canys let's see if get competition into the medicare world so people can get the choice of different plans at lower cost, better policy is a quality. i believe in competition. >> every study has shown matters here -- medicare has the word administrative cost. this is why seniors are generally happy with it. private insurers have to make a profit. that is what they do. you have higher administrative costs plus profit on top of that. if you...
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bill clinton tried the approach i am talking about. we created 23 million new jobs, but from deficit to surplus, and businesses did well. in some ways we have some data on which approach is more likely to create jobs and opportunity for americans. i believe that the economy works best when middle-class families are getting tax breaks and those of us who have done well because of this magnificent country we live in that we can afford to do more to make sure we are not blowing up the deficit. >> he gets the first word of that segment. let me make this comment. let me repeat what i said. i am not in favor of a $5 trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. that is not my plan. let's look at history. my plan is not like anything that has been tried before. my plan is to bring down rates and credit so the revenue stays in but we bring down rates to get more people working. my priority is putting people back to work in america. they are suffering. look at the evidence of the last four years. it
bill clinton tried the approach i am talking about. we created 23 million new jobs, but from deficit to surplus, and businesses did well. in some ways we have some data on which approach is more likely to create jobs and opportunity for americans. i believe that the economy works best when middle-class families are getting tax breaks and those of us who have done well because of this magnificent country we live in that we can afford to do more to make sure we are not blowing up the deficit....
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bill clinton troyed the approach i am talking about. we created 23 million newions, we went from deficit to surplus and businesses did very well. so in some ways, we have some data on which approach is more like lie to create jobs and opportunity for americans. and i believe that the economy works best when middle-class families are getting tax breaks so they have money in their pockets and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can afford to do a little bit more thotomake sure we are want blowing up the deficit. >> reporter: the president began , -- >> i think i get the last word. let me make this comment -- [overlapping dialogue] >> jim: let -- >> i am not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put into place any tax cut that increases the deficit. you may keep referring to it as a $5 trillion tax cut. but that's not my plan. let's look at history. my plan is not like anything that has been tried before. my plan is to bring down rate
bill clinton troyed the approach i am talking about. we created 23 million newions, we went from deficit to surplus and businesses did very well. so in some ways, we have some data on which approach is more like lie to create jobs and opportunity for americans. and i believe that the economy works best when middle-class families are getting tax breaks so they have money in their pockets and those of us who have done extraordinarily well because of this magnificent country that we live in, that...
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bill clinton tried the approach that i'm talking about. we created 23 million new jobs. we went from deficit to surplus, and businesses did very well. so in some ways, we've got some data on which approach is more likely to create jobs and opportunity for americans and i believe that the economy works best when middle-class families are getting tax breaks so that they've got some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can afford to do a little bit more to make sure we're not blowing up the deficit. >> jim, the president began this segment, so i think i get the last word, so i'm going to take it. >> lehrer: you're going to get the first word in this segment. >> let me just make this comment-- let me repeat what i said. i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut that will add to the deficit. that's point one. so you may keep referring to it as a capitol hill 5 trillion tux cut but that's not my hand. number two, let
bill clinton tried the approach that i'm talking about. we created 23 million new jobs. we went from deficit to surplus, and businesses did very well. so in some ways, we've got some data on which approach is more likely to create jobs and opportunity for americans and i believe that the economy works best when middle-class families are getting tax breaks so that they've got some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that...
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bill clinton created the approach i am talking about. we went from deficit to surplus, and businesses did very well. in some ways, we have some data on which approach is more liiely to create jobs and opportunities for americans, and i believe the economy works best when middle- class families are getting tax breaks so they have some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, we can pfford to do a little bit more to make sure we are not blowing up the deficit. >> it is the first word that segment, i get the last word of that segment. let me repeat what i said. i am not in favor of a $5 trillion tax cut. my plan is not to put in place in the tax cut that will add to the deficit. number two, let's look at history. my plan is not like anything that has been tried before. my plan is to bring down rates but also bring down deductions and exemptions and credits at the saae time. the revenue stays in, but we bring down rates tt get more people working. my prior
bill clinton created the approach i am talking about. we went from deficit to surplus, and businesses did very well. in some ways, we have some data on which approach is more liiely to create jobs and opportunities for americans, and i believe the economy works best when middle- class families are getting tax breaks so they have some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, we can pfford to do a little bit...
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Oct 4, 2012
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bill clinton tried the approach that i'm talking about. we created 23 million new jobs went from deficit to surplus, and businesses did very well. so in some ways we have data on which approach is more likely to create jobs and opportunity for americans, and i believe the economy works best when middle class families are getting tax breaks so they have money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can do more -- >> romney: jim the president started this segment. so i get the last word. >> you get the first word of the next segment. >> romney: i'm not in favor of a $5 trillion tax cut. that's not my plan. that's .1. so you may keep referring to it as a $5 trillion tax cut. but that's not my plan. number 2, let's look at history. my plan is not like anything that has been tried before. my plan is to bring down rates and also bring down deductions exemptions and credits at the same time so the revenue stays in. my priority is putting people back to work
bill clinton tried the approach that i'm talking about. we created 23 million new jobs went from deficit to surplus, and businesses did very well. so in some ways we have data on which approach is more likely to create jobs and opportunity for americans, and i believe the economy works best when middle class families are getting tax breaks so they have money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can do...